Zebra issues $500M 6.5% senior notes due 2032; proceeds to repay revolver

ZEBRA TECHNOLOGIES CORP

Issued $500M aggregate principal of 6.500% senior unsecured notes due June 1, 2032 on May 28.
Net proceeds of approx. $492M after initial purchasers' discount and estimated expenses.
Proceeds to repay $172M outstanding on revolving credit facility as of Mar 30, 2024.
Remaining net proceeds for general corporate purposes, including replenishing cash.
Interest payable semi-annually on June 1 and Dec 1; first payment Dec 1, 2024.

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